The recent report of the World Economic Forum shows that artificial intelligence, along with the automation of processes, will bring about tremendous changes in the global labor market. According to the forum’s Future Jobs 2025 report, artificial intelligence is expected to transform or eliminate about 92 million existing jobs by 2030. However, this emerging technology also has the potential to create 170 million new jobs. In other words, artificial intelligence can create about 78 million new jobs by 2030.
The findings of this report show that 40% of companies plan to reduce their workforce by relying on artificial intelligence. This indicates that many repetitive and routine tasks will be performed by machines in the future. However, due to the increasing complexity of businesses and the need for continuous innovation, the demand for new and specialized skills will continue to increase.
The World Economic Forum periodically provides a comprehensive analysis of global labor market developments every two years. The purpose of these reports is to help policy makers, business leaders and the workforce make informed decisions in the area of recruitment and skills development.
The forum’s recent report draws a clear vision of the future of the labor market based on data collected from a thousand companies with 14 million employees worldwide. Focusing on the skills needed in 2030, this report points to the strong role of new technologies, especially artificial intelligence, in shaping the future labor market.
The key findings of this report show that skills such as artificial intelligence, big data analysis, networking, cyber security and digital literacy are identified as key skills in 2030. Companies are increasingly seeking to attract skilled workers in these fields.
Artificial intelligence has been introduced as the main driver of labor market developments. According to this report, 86% of companies expect artificial intelligence to completely transform their operations by 2030. However, this great transformation, along with new job opportunities, has also threatened to destroy some jobs.
Overall, the World Economic Forum’s report provides a clear picture of future developments in the labor market and emphasizes the importance of matching skills to the growing needs of the labor market. This report can be used by job seekers, policy makers and business leaders as a valuable guide for future foresight and long term planning.
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